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(DMLP) Dorchester Minerals complete technical analysis [charts+indicators] | Buy/Sell Dorchester Minerals | (DMLP) share price targets

Complete technical analysis of Dorchester Minerals (DMLP) by charts plus indicators, forecast predictions and share price targets for Dorchester Minerals (DMLP)

Dorchester Minerals trades in USA in Energy sector.

10 day averaged volume of Dorchester Minerals is 93447

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 31.72 32.13 32.46 31.55 0.339 times
15 Wed May 2024 32.19 31.98 33.02 31.59 0.695 times
14 Tue May 2024 32.13 32.25 32.42 31.60 0.578 times
13 Mon May 2024 32.42 32.70 32.71 32.17 0.332 times
10 Fri May 2024 32.42 32.42 32.72 32.13 0.58 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 31.6 as stoploss in an intra day buy trade for a target of 32.8. However, stock will show a bearish move below 31.6.

Share price targets for Dorchester Minerals (DMLP)

Target Type Value
Downside Target 29.01
Downside Target 29.59
Downside Target 30.31
Downside Target 31.51
Upside Target 33.02
Upside Target 33.18
Upside Target 33.37
Upside Target 33.60
Upside Target 34.03
Upside Target 34.47
Upside Target 35.25
Upside Target 35.74

Intraday share price targets for Dorchester Minerals (DMLP)

Target Type Value
Downside Intraday Target 31.17
Downside Intraday Target 30.63
Upside Intraday Target 32.64
Upside Intraday Target 33.57
Upside Intraday Target 32.1

Weekly technical analysis of Dorchester Minerals (DMLP)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 31.72 32.70 33.02 31.55 0.336 times
10 Fri May 2024 32.42 30.64 33.00 29.59 1.28 times
03 Fri May 2024 30.88 33.00 33.37 30.75 0.904 times
26 Fri Apr 2024 33.05 34.38 35.25 32.77 1.844 times
19 Fri Apr 2024 33.83 34.47 34.47 32.62 0.835 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Dorchester Minerals (DMLP)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 31.72 32.06 33.18 29.59 0.687 times
30 Tue Apr 2024 32.27 33.80 35.74 32.01 1.285 times
28 Thu Mar 2024 33.72 31.17 34.03 30.60 0.609 times
29 Thu Feb 2024 30.91 31.30 31.51 29.01 1.038 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Dorchester Minerals (DMLP)

Indicator Name Indicator Value Indicator Signal
ADX 21, 25, 9 Sell
MACD -1, -0Sell
Stochastics 68None
CCI -5Sell
RSI 42Sell
OBV -274118Sell
VWAP 31Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Dorchester Minerals ( (DMLP) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Dorchester Minerals ( (DMLP) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Dorchester Minerals ( (DMLP) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Dorchester Minerals ( (DMLP) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Dorchester Minerals stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Dorchester Minerals in short term and the sell signal is strong.

Dorchester Minerals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Dorchester Minerals in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Dorchester Minerals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 31.46 and Dorchester Minerals (DMLP) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Dorchester Minerals (DMLP) stock. Volume based technical analysis of Dorchester Minerals (DMLP) stock is negative.

Dorchester Minerals Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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